According to a press statement issued on June 15,the Mongol Bank and the National Statistical Office successfully held the 5th consultative seminar of foreign sectors on “Measuring the impact of the mining industry on the economy”. The seminar noted that the available data and statistical figures are not enough to reach any definitive conclusion on the issue, and recommended more study and analysis in various areas, including policy, before assessing the actual impact.
Guided by the experience of other countries where the main industry is mining, the two organisations agreed on the following guidelines of cooperation in order to realistically finalise indicators in mining, so that its effects on other sectors and on the economy as a whole can be more accurately assessed. They also agreed to bring the statistical database up to international standards.
1. Preparing a consolidated estimation of the main indicators of the mining sector:
Currently different State organisations assess mining indicators and also publish some of them, but no consolidated and systematic information is available. It was decided that the National Statistical Office would collate all such differently produced data and prepare comprehensive statistical information titled “Main indicators of the mining industry”in the near future.
2. Conducting a joint sample survey:
The National Statistical Office and the Mongol Bank shall conduct sample surveys among mining entities, especially the more important ones.
3. Supporting “Ulaanbaatar city group”:
Both organizations expressed their willingness to support and actively be part of the “Ulaanbaatar city group”, set up following the 43rd session of the United National Statistical Commission. Its primary goals are to play a leading role in developing methodological and practical guidelines and recommendations by pooling best theoretical and methodological practices for rational tracking of mining industry activities, accurately measuring industry contribution to the economy and assessing the impact of mining on other social and economic sectors, and collaborating with professional organisations and advisers.
According to a press statement issued on June 15,the Mongol Bank and the National Statistical Office successfully held the 5th consultative seminar of foreign sectors on “Measuring the impact of the mining industry on the economy”. The seminar noted that the available data and statistical figures are not enough to reach any definitive conclusion on the issue, and recommended more study and analysis in various areas, including policy, before assessing the actual impact.